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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 02, 2023
Dec. 25, 2022
Mar. 27, 2022
Current assets      
Cash and cash equivalents including restricted cash of $13.4 million, $38.8 million and $14.5 million $ 386.2 $ 513.1 $ 1,057.9
Accounts receivable, less allowance for doubtful accounts of $21.7 million, $24.1 million and $20.0 million 685.2 1,132.4 931.7
Inventories 713.4 676.8 644.3
Prepaid expenses and other current assets 754.4 676.8 621.4
Total current assets 2,539.2 2,999.1 3,255.3
Property, plant and equipment, less accumulated depreciation of $637.8 million, $641.5 million and $654.5 million 509.1 422.8 422.6
Other assets      
Goodwill 3,470.1 3,470.1 3,419.3
Other intangible assets, net of accumulated amortization of $1,165.3 million, $1,075.2 million and $1,137.2 million 801.0 814.6 1,136.6
Other 1,604.3 1,589.3 1,284.9
Total other assets 5,875.4 5,874.0 5,840.8
Total assets 8,923.7 9,295.9 9,518.7
Current liabilities      
Short-term borrowings 134.5 142.4 104.1
Current portion of long-term debt 109.0 113.2 155.8
Accounts payable 360.1 427.3 411.7
Accrued liabilities 1,293.8 1,506.8 1,371.4
Total current liabilities 1,897.4 2,189.7 2,043.0
Long-term debt 3,682.4 3,711.2 3,737.9
Other liabilities 585.2 533.1 633.6
Total liabilities 6,165.0 6,434.0 6,414.5
Redeemable noncontrolling interests 0.0 0.0 23.5
Shareholders' equity      
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued 0.0 0.0 0.0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 220,286,736 shares at April 2, 2023, March 27, 2022, and December 25, 2022 110.1 110.1 110.1
Additional paid-in capital 2,535.7 2,540.6 2,475.7
Retained earnings 3,951.8 4,071.4 4,220.9
Accumulated other comprehensive loss (237.4) (254.9) (246.9)
Treasury stock, at cost; 81,687,608 shares at April 2, 2023; 80,844,603 shares at March 27, 2022; and 82,106,383 shares at December 25, 2022 (3,629.4) (3,634.4) (3,513.8)
Noncontrolling interests 27.9 29.1 34.7
Total shareholders' equity 2,758.7 2,861.9 3,080.7
Total liabilities, noncontrolling interests and shareholders' equity $ 8,923.7 $ 9,295.9 $ 9,518.7